Jim Zarroli at NPR:

Big banks are skirting the rules on the sale of the complex financial instruments that helped bring about the 2008 financial crisis, by exploiting a loophole in federal banking regulations, a new report says.

The loophole could leave Wall Street exposed to big losses, potentially requiring taxpayers to once again bail out the biggest banks, warns the report’s author, Michael Greenberger, former director of trading and markets at the Commodity Futures Trading Commission.

“We’ve seen this movie already,” he said at a news conference Tuesday.

The regulations cover credit default swaps, a kind of insurance contract taken out by investors to cover potential losses in assets. Such contracts were enormously popular all over the world during the housing boom and led to big losses when the mortgage market collapsed.

More here.

Sarah Rich in The Atlantic:

In hindsight, our son was gearing up to wear a dress to school for quite some time. For months, he wore dresses—or his purple-and-green mermaid costume—on weekends and after school. Then he began wearing them to sleep in lieu of pajamas, changing out of them after breakfast. Finally, one morning, I brought him his clean pants and shirt, and he looked at me and said, “I’m already dressed.”

He was seated on the couch in a gray cotton sundress covered in doe-eyed unicorns with rainbow manes. He’d slept in it, and in his dreaming hours, I imagine, stood at a podium giving inspirational speeches to an audience composed only of himself. When he’d woken up, he was ready.

He walked the half block to school with a bounce in his step, chest proud. “My friends are going to say dresses aren’t for boys,” he told me casually over his shoulder. “They might,” I agreed. “You can just tell them you are comfortable with yourself and that’s all that matters.” I thought of all the other things he could tell them. I began to list them, but he was off running across the blacktop.

I scanned the entrance to see whether any parents noticed us as they came and went. I hadn’t expected my stomach to churn. I felt proud of him for his self-assuredness, for the way he’d prepared for this quietly and at his own pace, but I worried about what judgments and conclusions parents and teachers might make. And of course I worried somebody would shame him.

More here.

Daniel McCarthy in The National Interest:

Today, liberalism appears to be dying in much the same way that Soviet Communism did a generation ago. It is collapsing on its periphery, shedding its colonies and facing a crisis of faith at home. History has gone into reverse in the realm of the old Warsaw Pact, first with Russia, now Hungary, Poland and the former East Germany rejecting liberalism—just as they did Marxism three decades ago. The exotic American orchid of liberal democracy, having taken root in such unlikely climes as postwar Germany and Japan, has failed to flower where the Iron Curtain once cast its shadow.

The story is the same elsewhere: a new sort of decolonization is taking place from the Eastern Mediterranean to South Asia. States that until recently aspired to Western-style modernity on their own terms now find little need for the secular models of liberalism or socialism. They have taken up instead the old cause of faith and nation.

Bitter rivals though they may have been, liberalism and Communism sprang from a common nineteenth-century vision of human destiny: of a future that was secularizing, scientific, materially prosperous, progressive, universal and inevitable. This, for all its variations, was the vision of Vladimir Lenin and Mustafa Kemal Atatürk, David Ben-Gurion and Jawaharlal Nehru, Woodrow Wilson and the architects of the European Union. The decline of liberalism is not a surprise twist to history, seen in this light. It is only a continuation of what destroyed the Soviet order—a long awakening from the utopian reverie of scientific truth wedded to power.

More here.  [Thanks to Omar Ali.]

Scotty Hendricks in Big Think:

Wealth inequality is one of the great moral issues of our time. In an era when the world has more money than ever before, billions still live on less than $3 a day. The disparity becomes more striking in the light of studies that show most income inequality comes down to luck, with people of average talent able to shoot to the top of the ladder by being in the right place at the right time.

Making the problem even more severe is the specter of automated unemployment, or the so-called AI revolution. As countless jobs have been lost to automation already and 30% of American jobs are at risk of being automated out of existence within the next thirteen years, it may not be long before mass unemployment caused by automation intensifies the difficulty and urgency of solving the inequality problem.

But there is hope.

More here.

James Hamilton at Literary Review:

He must have been a nightmarish visitor for museum staff to deal with because he had a constant urge to touch sculpture, to internalise the shape of an object by feeling it. At Meudon, an observer noted ‘how his fingers tremble when he touches these old stones.’ London was a haven for Rodin: ‘Your beautiful museums, with their marvellous collections, Greek, Assyrian, and Egyptian, awaked in me a flood of sensations, which, if not new, had at any rate a rejuvenating influence; and those sensations caused me to follow Nature all the more closely in my studies.’

With Pheidias, that mysterious ancient genius, as their spirit guide, Rodin and the Art of Ancient Greece and the accompanying exhibition have eroded the barriers between museum and art gallery. Actions speak loud. 

more here.

J.W. McCormack at The Baffler:

LOOK, THERE’S NO HARD-AND-FAST RULE that mandates books by world leaders need to be tree-murdering, anti-democratic power fantasies farmed out to struggling ghostwriters by self-obsessed corporate shills concerned with driving up the price of speaking engagements. Marcus Aurelius wrote Meditations. British Prime Minister Benjamin Disraeli authored more than two-dozen romantic novels and biographical works. Jimmy Carter scribbled a bizarre Revolutionary War novel. And Winston Churchill won the 1953 Nobel Prize in Literature for his four-volume A History of the English-Speaking Peoples (which isn’t a recommendation so much as it is serviceable bar trivia). But former President Bill Clinton and James Patterson’s new thriller The President Is Missing is not a novel crafted by a benevolent liege or an ex-president in peaceable solitude. It isn’t really anything by anybody. Just as every truly beautiful novel elaborates the terms of its own composition, so too every piece-of-shit literary fart-fest proffers the petard with which to be hoisted for the convenience of critics.

more here.

Bill Morris interviews Dominique Morisseau at The Millions:

TM: All three of these plays spring from very specific moments in Detroit’s history. Detroit ’67, of course, was the bloody summer of 1967. Skeleton Crew was in 2008, when General Motors and the city were about to go bankrupt. And now Paradise Blue is set in 1949. When we talked before, you told me you’re not writing history, even though the city’s history is very much a part of your plays. What exactly are you writing?

DM: I think I’m writing about community, and about family, and about home. I would say maybe it’s taken me a while to embrace history, but that’s not what I started out to do. I was just interested in particular moments, but for me it wasn’t about trying to have a historical agenda. What I’m really writing about is people, and those people transcend the time period they’re in; they even transcend region. I’m writing about humanity, and that’s everybody’s entry point into the plays.

more here.

Virginia Morell in Science:

When an adult striped dolphin emerged from the Mediterranean Sea in 2016 pushing, nudging, and circling the carcass of its dead female companion for more than an hour, a nearby boat of scientists fell silent. Afterward, the students aboard said they were certain the dolphin was grieving. But was this grief or some other response? In a new study, researchers are attempting to get to the bottom of a mystery that has plagued behavioral biologists for 50 years.

Grief, in humans at least, is a reaction to the permanent severing of a strong social or family bond. Although chimpanzees, baboons, and elephants are thought to experience the complex emotion, scientists don’t yet know enough about it in other animals. There are dozens of photos and YouTube videos of grieflike behavior in dolphins: Some mothers have been seen carrying their dead infants in their mouths or on their backs for a week or longer, even as the body decomposes; a couple adult males have also been seen holding dead calves in their mouths.

In the new study, cetacean biologist Giovanni Bearzi of Dolphin Biology and Conservation in Pordenone, Italy, and his colleagues at other institutions analyzed 78 scientific reports from 1970 to 2016 of these kinds of displays—which they labeled “postmortem-attentive behavior.” They found that just 20 of 88 cetacean (dolphin and whale) species engage in them. Of those, most were dolphins from the Sousa and Tursiops genera. Just one was a baleen whale—a humpback.

More here.

Reality Demands

Reality demands
we also state the following:
life goes on.
It does so near Cannae and Borodino,
at Kosovo Polje and Guernica.

There is a gas station
in a small plaza in Jericho,
and freshly painted
benches near Bila Hora.
Letters travel
between Pearl Harbor and Hastings,
a furniture truck passes
before the eyes of the lion of Cheronea,
and only an atmospheric front advances
towards the blossoming orchards near Verdun.

There is so much of Everything
that Nothing is quite well concealed.
Music flows
from yachts near Actium
and couples on board dance in the sunlight.

So much keeps happening,
that it must be happening everywhere.
Where stone is heaped on stone,
there is an ice cream truck
besieged by children.
Where Hiroshima had been,
Hiroshima is again
manufacturing products
for everyday use.

Not without its charms is this terrible world,
not without its mornings
worth our waking.

In the fields of Maciejowice
the grass is green
and on the grass is — you know how grass is —
transparent dew.

Maybe there are no fields other than battlefields,
those still remembered,
and those long forgotten,
birch woods and cedar woods,
snows and sands, iridescent swamps,
and ravines of dark defeat
where today, in sudden need,
you squat behind a bush.

What moral flows from this? Maybe none.
But what really flows is quickly-drying blood,
and as always, some rivers and clouds.

On the tragic mountain passes
the wind blows hats off heads
and we cannot help–
but laugh.

by Wislawa Szymborska
from Poems New and Collected
Harcourt, 1998

Stanley Fish in the Chronicle of Higher Education:

The humanities are taking it on the chin. If there were any doubts about this proposition, they have been dispelled by the University of Wisconsin at Stevens Point’s proposal to eliminate 13 majors, including history, art, English, philosophy, sociology, political science, French, German, and Spanish. The administration cited large deficits, programs with a low enrollment, and a desire to play to its strengths — STEM subjects and training in technology. One professor of physics and astronomy (Ken Menningen) approved, declaring that the university was right to “pivot away from the liberal arts” and toward programs that students, concerned with career prospects, find attractive. That reasoning might make sense if Stevens Point were a trade school, but it is, at least by title and claim, a university, and there is an argument to be made that because the claim is now without support at Stevens Point, the title should be removed.

The philosopher and political theorist Michael Oakeshott would have thought so. Here is his account of the university: “It is a place where [the student] … is not encouraged to confuse education with training for a profession, with learning the tricks of a trade, with preparation for future particular service in society, or with the acquisition of a kind of moral and intellectual outfit to see him through life.” Note that Oakeshott lists in rapid succession the most often invoked defenses and justifications of liberal education, and note too that he immediately dismisses them as barely worth thinking about: “Whenever an ulterior purpose of this sort makes its appearance, education … steals out of the back door with noiseless steps.”

More here.

Michelle Nijhuis in The Atlantic:

In 2011, the wildlife biologist Justin Brashares and his students set up a series of camera traps in and around Ruaha National Park in southern Tanzania. They were studying the effects of human activities on antelope reproduction, but their cameras soon revealed an odd and far more obvious pattern. While the antelope inside the park were active during the day, those outside the park, closer to human settlements, were active primarily at night—even though lions, which prey on antelope both inside and outside the park, typically hunt at night. The contrast in behavior was so stark that when Brashares and one of his students looked at a plot of the data, they laughed in disbelief. When faced with a choice between humans and lions, it appeared, antelope preferred to tangle with lions, and they were going nocturnal to do so.

More here.

George Prochnik in The New Yorker:

The Austrian émigré writer Stefan Zweig composed the first draft of his memoir, “The World of Yesterday,” in a feverish rapture during the summer of 1941, as headlines gave every indication that civilization was being swallowed in darkness. Zweig’s beloved France had fallen to the Nazis the previous year. The Blitz had reached a peak in May, with almost fifteen hundred Londoners dying in a single night. Operation Barbarossa, the colossal invasion of the Soviet Union by the Axis powers, in which nearly a million people would die, had launched in June. Hitler’s Einsatzgruppen, mobile killing squads, roared along just behind the Army, massacring Jews and other vilified groups—often with the help of local police and ordinary citizens.

More here.

Kate Marvel in Scientific American:

The US Environmental Protection Agency has, of late, been operating on the principle that you can prevent environmental disasters by simply getting rid of the environment. As part of this mission, the EPA has considered a plan to put climate science up for public debate. This “Red Team, Blue Team” exercise would have pitted scientists against people who do not like them in order to cast doubt on the consensus that human activities are warming the planet. I am completely on board with this, as long as the Blue Team also gets private jets and enormous security details. We will, however, take a pass on the used Trump Hotel mattresses.

I’m kidding, of course. In fact, as a general rule, I refuse to debate basic science in public. There are two reasons for this: first, I’m a terribledebater and would almost certainly lose. The skills necessary to be a good scientist (coding, caring about things like “moist static energy”, drinking massive amounts of coffee) aren’t necessarily the same skills that will convince an audience in a debate format. It is very fortunate that things like the atomic model of matter do not rest on my ability to be charming or persuasive.

But second, and maybe more importantly: once you put facts about the world up for debate, you’ve already lost.

More here.

Alessandra Vespignani in Nature:

In 1998, Watts and Strogatz¹ introduced the ‘small-world’ model of networks, which describes the clustering and short separations of nodes found in many real-life networks. I still vividly remember the discussion I had with fellow statistical physicists at the time: the model was seen as sort of interesting, but seemed to be merely an exotic departure from the regular, lattice-like network structures we were used to. But the more the paper was assimilated by scientists from different fields, the more it became clear that it had deep implications for our understanding of dynamic behaviour and phase transitions in real-world phenomena ranging from contagion processes to information diffusion. It soon became apparent that the paper had ushered in a new era of research that would lead to the establishment of network science as a multidisciplinary field.

Before Watts and Strogatz published their paper, the archetypical network-generation algorithms were based on construction processes such as those described by the Erdös–Rényi model². These processes are characterized by a lack of knowledge of the principles that guide the creation of connections (edges) between nodes in networks, and make the simple assumption that pairs of nodes can be connected at random with a given connection probability. Such a process generates random networks, in which the average path length between any two nodes in the network — measured as the smallest number of edges needed to connect the nodes — scales as the logarithm of the total number of nodes. In other words, randomness is sufficient to explain the small-world phenomenon popularized as ‘six degrees of separation’^3,4: the idea that everyone in the world is connected to everyone else through a chain of, at most, six mutual acquaintances.

However, random construction fell short of capturing the local cliquishness of nodes observed in real-world networks.

More here.